Millionaire who puts 68 thousand, brokerage still sees power, will you put bets on this share

Brokerage firm KRchokse says that the quarterly results have been as expected. However, given the challenges in volume growth, the target price has been reduced from Rs 529 to Rs 476. Ferm has confidence in the company’s long -term growth possibilities and has advised investors to look at the fall as a purchase opportunity.

Investors made millionaires in 11 years

Finotex Chemical shares were at just Rs 2.26 level on 14 November 2013, which has now gained 14661% to Rs 350. If 11 years ago, which investor had invested only 68 thousand rupees in this stock and has been invested till now, then the price of his investment has increased to Rs 1 crore today. Similarly, 11 years ago, one lakh rupees in this multibagger share have now increased to Rs 15,486,725. In February 2024, the stock touched a record high of Rs 458. But after this, it slipped 33% in four months to a low of Rs 305.20 in June 2024. At present. It is 27% below record high.

Mixed results of September quarter
In the September quarter, Finotex Chemical received a revenue of Rs 145.7 crore, which was 2 per cent higher on a quarterly basis but it was almost flat on an annual basis. At the same time, the gross margin fell 0.36 per cent to 38.22 per cent on a quarterly basis and the Ebitda margin slipped to 25 per cent on a annual basis.